JPMorgan and Morgan Stanley profit miss casts pall over Wall Street - Financial Times

Net income at both lenders fell nearly 30% in second quarter as work on IPOs and Spacs dried up

JPMorgan Chase and Morgan Stanley cast a pall over Wall Street after reporting a bigger-than-expected decline in second-quarter profits that signalled the end of the industrys pandemic-era earnings b… [+3437 chars]

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